Wednesday, April 29, 2026

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April 29, 2026 11:00 PM

Trump urges Iran to sign a deal and discusses prolonged blockade

Donald Trump discussed how to mitigate the impact of a possible months-long U.S. blockade of Iran's ports with U.S. oil companies, a White House official said on Wednesday, as the U.S. president urged Tehran to "get smart soon" and sign a deal. Tues...

April 29, 2026 7:51 PM

UAE Exits OPEC: What It Means for the World & India

The United Arab Emirates has announced it will exit the Organization of the Petroleum Exporting Countries and the broader OPEC+ alliance, with the decision taking effect from May 1, 2026. The move follows a comprehensive review of national production...

April 29, 2026 3:01 PM

EXPLAINER-What is OPEC+ and how does it affect oil prices?

The United Arab Emirates, one of OPEC+'s largest producers, will leave the oil producers' alliance on May 1, it said on Tuesday. The Organization of the Petroleum Exporting Countries and allies, including Russia, are known collectively as OPEC+. Las...

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